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you may have noticed with all the budget negotiation from the debt ceiling to the fiscal cliff and now the spending cuts, people on both sides get inventive with their lines of attack during the final showdown. >> dealing with the white house is like dealing with a bowl of jell-o. >> we might as well do it now. pull off the band-aid. >> it's the section of which train will be arriving. >> you have been quote as calling this agreement a sugar quoted satan sandwich. is that how you feel about this deal? >> what i'm saying is what you see is ante thet kal. we're going to be extremely noncommitted. >> our plan b would protect american taxpayers who make a million dollars or less. >> plan b? i would call it planned befuddled. >> our military chiefs don't have the ability to place those cuts thoughtfully. they have to go through and cut right across the board. >> wake up. use your brain for god's sake. >> i think they're nudging the potato across the table with their nose. >> everybody knows you don't like each other and you're trying to pretend you do. >> this is not a cliff. but it is a tu
you may have noticed with all the budget negotiation from the debt ceiling to the fiscal cliff and now the spending cuts, people on both sides get inventive with their lines of attack during the final showdown. >> dealing with the white house is like dealing with a bowl of jell-o. >> we might as well do it now. pull off the band-aid. >> it's the section of which train will be arriving. >> you have been quote as calling this agreement a sugar quoted satan sandwich. is...
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Mar 1, 2013
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they seem to love the government shutdowns, the fiscal cliffs, all this stuff, debt ceilings. they love this stuff because it gives them leverage, but the president, according to david ignatius, again, i think a very moderate progressive, says the president has got to grab the steering wheel. can he grab the steering wheel and say, okay, i'll do some of these things if you will do other things, we'll avoid this crack up. >> that's a terrible game. that's a situation where you say somebody can throw a tantrum big enough, and then the president of the united states to calm things down has to make moves that he has expressed clearly he doesn't think are good ideas. this is a president re-elected on a platform protecting social security, medicare, and medicaid. to suddenly start bargaining on that because the other side is screaming is a very dangerous game -- >> i thought he was bargaining. i thought he's been say -- hasn't he been saying if you guys do revenue reform, i'll do social program reform? hasn't he been saying that all through this discussion? isn't it the backstory he
they seem to love the government shutdowns, the fiscal cliffs, all this stuff, debt ceilings. they love this stuff because it gives them leverage, but the president, according to david ignatius, again, i think a very moderate progressive, says the president has got to grab the steering wheel. can he grab the steering wheel and say, okay, i'll do some of these things if you will do other things, we'll avoid this crack up. >> that's a terrible game. that's a situation where you say somebody...
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Mar 1, 2013
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with the debt ceiling, the fiscal cliff. all of these, you know, warnings. dire consequences if we don't get something done. and when we go over the cliff, nothing happened. i think ken is right. until the american people feel it, they're not going to believe it. i was under the impression that, you know, congress is going to use this month between now and when the furloughs are supposed to hit on april 1st as this gives them the air that they need to work out a deal and then get it done before the real hammer hits. to hear ken say he doesn't think something happens before april 15th maybe then the american people see that this just isn't, you know, washington playing games or playing kabuki theater for the fun of it or just plain politics but real world consequences for the inaction here in washington. >> zachary, the president said for every month that the sequester does not get fixed, the toll on the economy will get worse. expected to take at least 5/10 of a percent, a total. 750,000 jobs. that's what the president and economists said, as well. you tyke
with the debt ceiling, the fiscal cliff. all of these, you know, warnings. dire consequences if we don't get something done. and when we go over the cliff, nothing happened. i think ken is right. until the american people feel it, they're not going to believe it. i was under the impression that, you know, congress is going to use this month between now and when the furloughs are supposed to hit on april 1st as this gives them the air that they need to work out a deal and then get it done before...
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Feb 12, 2013
02/13
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. >> cenk: well, that would happen with the debt ceiling but that wouldn't happen with the fiscal cliff, would it, michael? >> well, you never know. i'm not going to take the position other than people i've talked to, but a lot of them said hey you know, i'm worried about this because the economy is very fragile. when you start pulling defense spending and other things out of that economy who really knows? now. >> cenk: no, no, i would take that chance in a second. you're telling me i'm going to continue this bloated defense spending for the rest of time because it might hurt the economy? what about spending on the poor and middle class. nobody is concerned about that when we pull that out. oh that's fine. that wouldn't hurt the economy. that makes no sense. i'm afraid it's a lot of conservative framing and the president has bought into a lot of it, that even the tougher president obama is not that much of a progressive to begin with. >> well, i think the fascinating thing when you watch the program is the extent whatever they believe and wherever that is coming from and whatever the po
. >> cenk: well, that would happen with the debt ceiling but that wouldn't happen with the fiscal cliff, would it, michael? >> well, you never know. i'm not going to take the position other than people i've talked to, but a lot of them said hey you know, i'm worried about this because the economy is very fragile. when you start pulling defense spending and other things out of that economy who really knows? now. >> cenk: no, no, i would take that chance in a second. you're...
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Feb 24, 2013
02/13
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okay, so, anna, first we had the debt ceiling. then we had the fiscal cliff, now we have this sequestration, which is really forced budget cuts. doesn't matter what you call it. it's the third time that the sky is falling. when are people going to stop believing that the sky is falling or top the sky from falling and vote in new people? >> i think the american people have stopped believing the sky is falling already. i see a lot less anxiety and sense a lot less anxiety about this than we had during the fiscal cliff. look, don, this has become like a bad halloween movie. jason never dies. he comes back and comes back and comes back and every time the movie is worse. it really has shown tremendous lack of responsibility. you know, the president came up with this idea, he doesn't want to take ownership, the republicans, the congress passed it. they don't want to take ownership and now it is everybody's problem. but we cannot be having on the -- you know, being on the verge of a nervous break down -- >> every couple months. >> -- eve
okay, so, anna, first we had the debt ceiling. then we had the fiscal cliff, now we have this sequestration, which is really forced budget cuts. doesn't matter what you call it. it's the third time that the sky is falling. when are people going to stop believing that the sky is falling or top the sky from falling and vote in new people? >> i think the american people have stopped believing the sky is falling already. i see a lot less anxiety and sense a lot less anxiety about this than we...
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Jan 4, 2013
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>> jumping off the fiscal cliff is nothing compared to blowing through the debt ceiling. here is why. the fiscal cliff was something created out of congress. it was sort of a manufactured crisis. now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we want to take away from this whole period of time. when the government cuts spending it has a negative impact on growth. in the short run it hurts growth. if you look over in europe and austerity measures and governments pull back not so good for economic growth. when we say we want to fix the debt and deficit we have to be careful how soon and how quickly it occurs. >> kind of like after the holidays when you are feeling a little heavy you have to keep eating but you have to be a little more careful. >>> so jill gave us that news. i have other news for you, too. republicans attacking thei
>> jumping off the fiscal cliff is nothing compared to blowing through the debt ceiling. here is why. the fiscal cliff was something created out of congress. it was sort of a manufactured crisis. now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we...
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debt ceiling. china and japan are warning, yeah, raise it. >> china is now complaining. about a fiscal integrity of the united states of america, because we are arriving at a point in a feud, we are not going to pay our bills. this is america. >> check out these international headlines. these are not the worst of them. the uk's "independent" newspaper saying china to the u.s., get your fiscal house in order. >> china warns washington over u.s. fiscal impasse. >> alison kosik is joining us now. china and japan are concerned about the u.s. financial impasse for one reason. they are holding most of the foreign debt. >> exactly. they are allowed to complain, right? china plaining? you can understand that. china and japan are our biggest creditors so they want to get paid. you look at who holds our debt. china holds 1.3 trillion dollars of our debt and they invest in the u.s. and buy our debt and that debt accrues interest and we have to pay that interest. china and japan, they want to make sure this ha
debt ceiling. china and japan are warning, yeah, raise it. >> china is now complaining. about a fiscal integrity of the united states of america, because we are arriving at a point in a feud, we are not going to pay our bills. this is america. >> check out these international headlines. these are not the worst of them. the uk's "independent" newspaper saying china to the u.s., get your fiscal house in order. >> china warns washington over u.s. fiscal impasse....
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now he says republicans need to act on part 2 of the fiscal quick, raising the debt ceiling. >> one of the reasons it is important congress resolve the issues that were left unresolved in the taxpayer relief act is the economy will do better if we address the issues like the debt ceiling without drama. peter: republicans are saying today's jobs report shows washington needs to reduce spending and deficits to boost economic growth and job creation. john boehner out with the statement saying all of that, the drag on quote the house will pass real spending cuts, meaningful reforms of entitlement programs that are driving us deeper into debt and a fairer, clean air tax code. cheryl: were you surprised? he sounded like he is truly saying this is not a turning point. there is more work to be done. he gives us more ideas what we can do to get jobs back in this country? >> the idea is to have the president's balanced approach for deficit reduction and economic growth. cheryl: we like to see it happen. great interview, thank you very much. the house has finally approved a bill aimed at supersto
now he says republicans need to act on part 2 of the fiscal quick, raising the debt ceiling. >> one of the reasons it is important congress resolve the issues that were left unresolved in the taxpayer relief act is the economy will do better if we address the issues like the debt ceiling without drama. peter: republicans are saying today's jobs report shows washington needs to reduce spending and deficits to boost economic growth and job creation. john boehner out with the statement...
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Feb 28, 2013
02/13
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lending the sequester and increasing the debt ceiling later. again, it was a miscalculation. the escape act that saved the day during the fiscal cliff fight is not there right now. here's why. one of the congressional bodies that democrats control, republicans cannot cut a deal because the top two democrats can't cut a deal. look at what they were front row seats to. they are both up for reelection in 2014 in their states that produced the following in 2010 and 2012. the most glaring examples of what compromise could cost. rand paul and ted cruz. they are well-understood. senator ron johnson this weekend said what all of us were thinking. >> i don't believe that speaker boehner would be speaker if that happens. i think he would lose our speakership. that is my personal opinion. >> if he does another deal with taxes in it. they are equally ham strung. they are evident at nearly every moment. take yesterday. >> can broadcast from springfield put it this way. hold strong and do not give in to more spending. >> people don't come to texas because they want handouts. they come beca
lending the sequester and increasing the debt ceiling later. again, it was a miscalculation. the escape act that saved the day during the fiscal cliff fight is not there right now. here's why. one of the congressional bodies that democrats control, republicans cannot cut a deal because the top two democrats can't cut a deal. look at what they were front row seats to. they are both up for reelection in 2014 in their states that produced the following in 2010 and 2012. the most glaring examples...
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but the thing is that there are major fiscal battles ahead and the debt ceiling battle ahead could be quite epic, actually. that would have a real economic impact and could lead to a credit downgrade. >> chris, you know, whether the sequester was created in the negotiations, it seemed like perhaps a fundamental miscalculation was made. a majority of republicans would not let the defense cuts hit because that's a piece of spending that they were for politically could defend. what changed that calculation? >> you know, i think the republican party's going through this identity crisis right now and decided to draw the line on spending cuts no matter what the consequences are for the economy or for even their own constituents and when you have a party that basically, you know, loads a gun and puts it to their head and pull it is trigger, you can't stop them. i think this is the difficult thing i think democrats have. how do you negotiate with another side that doesn't seem to want to negotiate? democrats say we want a balanced approach. you can argue the details of that balanced approach
but the thing is that there are major fiscal battles ahead and the debt ceiling battle ahead could be quite epic, actually. that would have a real economic impact and could lead to a credit downgrade. >> chris, you know, whether the sequester was created in the negotiations, it seemed like perhaps a fundamental miscalculation was made. a majority of republicans would not let the defense cuts hit because that's a piece of spending that they were for politically could defend. what changed...
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Feb 26, 2013
02/13
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when you had the debt ceiling, they couldn't do that because the full faith and credit of the united states was kind of on the line. in this particular crisis, and this is why charles may be right, in this particular crisis, what's at stake here? budget cuts which, by the way, lots of people think is a good idea. >> ross, do you see a deal by the end of the week? >> i mean, i've been wrong betting against deals in the past. you know, the story of the last two years is that, you know, john boehner, harry reid, barack obama and so on always find some way to pull a deal out of the fire. so it would be silly to bet against that. but i do agree with charles. it's harder in this case to see -- i think you can draw it up on paper, but it's harder to see where the parties come together. i think the reasonable thing to do would be to say let's cut the amount of spending that we're going to cut in half, and let's just agree on, say, doing a little means testing to medicare, which the white house and republicans are both in favor of. and let's not get so focused on absolute dollar figures. but
when you had the debt ceiling, they couldn't do that because the full faith and credit of the united states was kind of on the line. in this particular crisis, and this is why charles may be right, in this particular crisis, what's at stake here? budget cuts which, by the way, lots of people think is a good idea. >> ross, do you see a deal by the end of the week? >> i mean, i've been wrong betting against deals in the past. you know, the story of the last two years is that, you...
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Feb 22, 2013
02/13
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having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this ad effective? you can take out the cut-out of the president and put in speaker boehner. he said he would like not to have the sequester come down. >> after that ad, i know why the group was so effective in the last election. >> that was an easy one. it's pretty janky but they're trying to say it's obama's mess and does it instead put the spotlight on the divide within the republican party? those things the president is saying is exactly what speaker boehner has said. >> i think the problem is if you're trying to shift blame to the president right now given the president's level of popularity, the message of the whi
having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this...
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ceiling but obama demands no strings attached before saying yes to the deal the latest on this fiscal deadlock later in the show.
ceiling but obama demands no strings attached before saying yes to the deal the latest on this fiscal deadlock later in the show.
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Feb 28, 2013
02/13
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washington cried wolf, the fiscal cliff talks, it's been something, the debt ceiling, and now it's the budget cuts. the market's not buying. they have an obligation to be in the market. those who missed the rally in 2012 fear missing this one. they stay in the market despite the fear mongering staying in washington. >> do you think it's for real, or do the traders have it wrong? >> it's for real. it's not based on america, but global prosperity that's never been seen before. saturday, look at the top stocks, and there's priceline, international, global, international, nonsteer growing outside the country. chicago prison iron at a new high. they got a contract in moe mozambique, oil deal, deals in australia and denmark and in the north sea. this is happening around the world. while the rest of the world tries to get where we have been the last 1 # 00 years, and we're killing ourselves, this is what stocks wosh from -- work from now. you feel traders no longer believe washington. the obama administration selling the cuts, didn't schedule a meeting until friday. >> there's a political pri
washington cried wolf, the fiscal cliff talks, it's been something, the debt ceiling, and now it's the budget cuts. the market's not buying. they have an obligation to be in the market. those who missed the rally in 2012 fear missing this one. they stay in the market despite the fear mongering staying in washington. >> do you think it's for real, or do the traders have it wrong? >> it's for real. it's not based on america, but global prosperity that's never been seen before....
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now he says, republicans need to act on part two of the fiscal cliff, raising the debt ceiling. >> one of the reasons why it is so important that congress resolves some of issues that were left unresolved in the taxpayer relief act is that the economy will do better if we address issues like the debt ceiling without drama. >> but republicans said today not so fast. they plan it use the debt ceiling as leverage to negotiate more spending cuts with the white house. speaker john boehner, house republican speaker, saying, quote, the house will pass real spending cuts, meaningful reforms of entitlement programs that are driving uhgs deeper into debt and a fairer, cleaner tax code. ashley. ashley: peter barnes, thank you so much. well, the december jobs report could definitely be described as lackluster at best and markets seemed to agree. our next guest says that the markets are harley even focusing on economic data anymore these days. it is all about what goes on in washington. joining us milton ezrati, lord abbett senior economist and market strategist. milton, thank you for being here. w
now he says, republicans need to act on part two of the fiscal cliff, raising the debt ceiling. >> one of the reasons why it is so important that congress resolves some of issues that were left unresolved in the taxpayer relief act is that the economy will do better if we address issues like the debt ceiling without drama. >> but republicans said today not so fast. they plan it use the debt ceiling as leverage to negotiate more spending cuts with the white house. speaker john...
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Feb 16, 2013
02/13
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ceiling. the sequester, it really aims at the wrong side of the problem. the long-term challenge is entitlements, the sequester is fundamentally about discretionary spending, from a fiscal hawk point of view it doesn't get to the issue. >> what you say, ron, revenue, additional tax increases? >> from a -- tactical point of view, the democrats are putting themselves in the position by not getting everything they want. asking the republicans to come back and asking for a second tax increase is asking for a lot, politically. >> what about that dana? >> absolutely, the moment the deal was struck on new year's eve or new year's day, kind of a blur, republicans came out and said if the democrats think they will get anymore tax increases they're living on mars. it is not going to happen. it is it, we're done, not going to happen. you're exactly right, we're done. what is so fascinating, making people frustrated with washington right now is exactly what you said, ron, the whole point of the sequester
ceiling. the sequester, it really aims at the wrong side of the problem. the long-term challenge is entitlements, the sequester is fundamentally about discretionary spending, from a fiscal hawk point of view it doesn't get to the issue. >> what you say, ron, revenue, additional tax increases? >> from a -- tactical point of view, the democrats are putting themselves in the position by not getting everything they want. asking the republicans to come back and asking for a second tax...
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03/13
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the president gave $1.5 trillion in cuts when we had the debt ceiling debacle. so the president gave his cuts. mr. boehner did give revenues on the fiscal cliff and did the right thing and put that bill on the floor so he could pass it with the majority of democrats and a third of the republicans. so the bottom line here is on revenues mr. boehner has acknowledged that the tax code is an absolute mess and there's a lot of room in the tax code to clean it up and get revenues without raising rates. democrats and republicans both have said that. that's where we can get some additional revenues. and the thing that's pretty stupid about this is that it's across the board. so you have republicans who are now backing in to these across-the-board military cuts. not because defense can't handle the cuts but because it's a dumb way to make cuts and then domestic discretionary spending has been cut and it's now going to be below eisenhower levels after all of these cuts go in place and that was before medicaid and medicare. and i actually think john boehner and a growing n
the president gave $1.5 trillion in cuts when we had the debt ceiling debacle. so the president gave his cuts. mr. boehner did give revenues on the fiscal cliff and did the right thing and put that bill on the floor so he could pass it with the majority of democrats and a third of the republicans. so the bottom line here is on revenues mr. boehner has acknowledged that the tax code is an absolute mess and there's a lot of room in the tax code to clean it up and get revenues without raising...
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Jan 4, 2013
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the debt ceiling is the next fiscal cliff and the congress now has two months to act. joining us now is benjamin salisbury. he's the senior policy analyst at fpr capital markets. good morning to you. >> good morning. thanks for having me. >> there's a cover on the economist today that talks about what just happens, says america is turning european. why should developing countries trust american leadership when it seems incapable of solving anything at home? whoot while the west foremost democracies stay paralyzed, china is making decisions in moving ahead. this week president obama claimed that the fulfilled his mandate by raising taxes on the rich. he and his leaders are building brussels on the potomac. a, do you believe that? and how important is that? and, b, is that going to get fixed anytime soon in terms of the next two months in terms of how we are being perceived? >> so i don't think the analogy is especially helpful, but the fundamental facts are as described. so i think what's important is as we look at the next couple of months, congress is going to be focu
the debt ceiling is the next fiscal cliff and the congress now has two months to act. joining us now is benjamin salisbury. he's the senior policy analyst at fpr capital markets. good morning to you. >> good morning. thanks for having me. >> there's a cover on the economist today that talks about what just happens, says america is turning european. why should developing countries trust american leadership when it seems incapable of solving anything at home? whoot while the west...
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Aug 19, 2013
08/13
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ceiling, fiscal cliffs, we talk about balancing our budgets to live within our means, helping our neighbor to get a job again. the whole thing in addition too optimism and relevance, having the courage to act. a lot of american voters look at washington and don't think anybody has had the courage to do anything. >> they don't have to do what you have to do. republican and democratic governors alike have to balance their budgets. run the schools. they can't run up massive debt. they can't push up -- you talk about being for something instead of just being against something. you caught my attention a couple weeks ago when you came out and you thought, you said you thought it was a bad idea to shut down the federal government over obama care. >> right. >> why? >> well, i have real problems with obviously obama care and i've laid it out in my state, didn't take the medicaid expansion, state exchanges but you're disconnecting things. there's a huge problem. you know it back from the mid '90s. >> we did it. we helped re-elect bill clinton by shutting down the government. >> people want things to
ceiling, fiscal cliffs, we talk about balancing our budgets to live within our means, helping our neighbor to get a job again. the whole thing in addition too optimism and relevance, having the courage to act. a lot of american voters look at washington and don't think anybody has had the courage to do anything. >> they don't have to do what you have to do. republican and democratic governors alike have to balance their budgets. run the schools. they can't run up massive debt. they can't...
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the reason rob portman said -- the august 2013 is when we'll be revisiting the whole debt ceiling. bill: in the meantime keurs teen has steam coming out of her ears. >> how much more of an endorsement of a plan can you make other than putting out a budget and putting out the fiscal cliff. go to white house.gov and see his fiscal cliff pweupblt. >> go to "the washington post" -- >> i don't care what "the washington post" says. does he or does he not on his website have a proposal for his fiscal cliff deal that states these things? that is endorsing a plan. stop saying he hasn't endorsed it. it's in his budget. its just bizarre. >> "the washington post" sales he has -pbt been specific enough as of yesterday apartments editorial. >> you keep saying that he has not endorsed a plan, that is false. completely false. >> let's get the democrats on board. bill: we'll check it out. you don't want me to go on combs do you. i was waiting for that from kirsten. see you tony. martha: weekend drivers getting held up by a tph-rpl disaster where this white wall of snow shut down a major highway. an
the reason rob portman said -- the august 2013 is when we'll be revisiting the whole debt ceiling. bill: in the meantime keurs teen has steam coming out of her ears. >> how much more of an endorsement of a plan can you make other than putting out a budget and putting out the fiscal cliff. go to white house.gov and see his fiscal cliff pweupblt. >> go to "the washington post" -- >> i don't care what "the washington post" says. does he or does he not on his...
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Mar 8, 2013
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ceiling limitation debates and the fiscal cliff in january and now the sequester. i think it's incredible that the economy has held up as well as it has and i am very war lead about going forward. jenna: steve i'm going to ask you about higher gas price whes we comwhen we come back we. have to take a quick commercial break. many viewers are concerned with the higher gas prices. also coming up osama bin laden's son-in-law and former al-qaida spokesman pleading not guilty to conspiring to kill americans. a terrorism plot to play out in new york city, we'll bring you the very latest on that next. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before
ceiling limitation debates and the fiscal cliff in january and now the sequester. i think it's incredible that the economy has held up as well as it has and i am very war lead about going forward. jenna: steve i'm going to ask you about higher gas price whes we comwhen we come back we. have to take a quick commercial break. many viewers are concerned with the higher gas prices. also coming up osama bin laden's son-in-law and former al-qaida spokesman pleading not guilty to conspiring to kill...
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Jul 17, 2013
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bill: because you have got the fiscal issues and debt ceiling issues that will pop up. you will have big, big debates on that. if you look at the second term of the administration and looking at big-time accomplishments, i have to think upon re-election this is one thing where they thought we can get this done. if you don't get it done, what are you left with? >> well, you're not left with a lot. they got it done in the senate because they had this bipartisan consensus. they had 14 republicans who joined all 54 democrats in the senate. look what we're suppose to be the big deals of the president's second term. gun control, did not happen. raising taxes? he did succeed in doing that and fiscal cliff shutdown but he lost on sequestration. climate change, he had to do some things by himself because he knows he can't get anything through congress on that. so in terms of the big bill, the big accomplishment, the big signing ceremony you have in the white house, immigration reform is by far the biggest chance. bill: here is what we found in our fox polling with regard to citi
bill: because you have got the fiscal issues and debt ceiling issues that will pop up. you will have big, big debates on that. if you look at the second term of the administration and looking at big-time accomplishments, i have to think upon re-election this is one thing where they thought we can get this done. if you don't get it done, what are you left with? >> well, you're not left with a lot. they got it done in the senate because they had this bipartisan consensus. they had 14...
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Feb 24, 2013
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in august 2011 it was the debt ceiling and then the fiscal cliff. these things were averted with short term solutions. this particular solution, this sequestration allows both sides to have the melt down that they have been jockeying for and it is less impactful than a government shut down and probably less than breaching the debt ceiling. it is a managed risk here. i don't know that i agree with senator coburn that it is an entirely made up problem but i do think that it is something that is less impactful than a lot of the other fiscal debates that we have had. >> as is frequently the case in washington, d.c. the blame game. bob woodward writing the automatic spending cuts were initiated by the white house. his colleague declined writing he disagrees saying the sequester was appunt. the point was to give both sides a face-saving way to raise the debt ceiling even though the tax issue was stopping them from agreeing to a deficit deal. why at this point is the pointing of the finger so important? >> because when the pain comes somebody is going to w
in august 2011 it was the debt ceiling and then the fiscal cliff. these things were averted with short term solutions. this particular solution, this sequestration allows both sides to have the melt down that they have been jockeying for and it is less impactful than a government shut down and probably less than breaching the debt ceiling. it is a managed risk here. i don't know that i agree with senator coburn that it is an entirely made up problem but i do think that it is something that is...
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Feb 27, 2013
02/13
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FBC
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cliff, the upcoming debate over the debt ceiling, but as long as the stock market remains modestly priced and continue to see earnings growth, the path to the market should only be higher. >> talk about mna a little bit. we had deals this year, and you've done research that shows there's a correlation between that activity and gdp growth. >> that's right. annual rates of change in activity is 60% correlated with annual change in u.s. gdp growth. it's interesting. it's a coincidence or leading indicator. it doesn't surprise us to see a fast pace of deal making so far in the first quarter this year because the economy looks to be doing okay. >> are the deals one off, though? many of theme, the buffet thing, oh, just needed something to do; right? we knew dell was going private. things like this have been in the works for awhile. >> the megadeals were notably ab sent in 2012. >> right. >> they are coming back in the first quarter of 2013. the key is you want robust activity making throughout the year. if it falls off, there's a return of cautious, caution in decision making -- in -- for the
cliff, the upcoming debate over the debt ceiling, but as long as the stock market remains modestly priced and continue to see earnings growth, the path to the market should only be higher. >> talk about mna a little bit. we had deals this year, and you've done research that shows there's a correlation between that activity and gdp growth. >> that's right. annual rates of change in activity is 60% correlated with annual change in u.s. gdp growth. it's interesting. it's a coincidence...
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Mar 3, 2013
03/13
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. >> clayton: we had the fiscal cliff and what else. >> alisyn: a debt ceiling. >> clayton: debt ceiling and now we've got-- >> sequester. >> clayton: apocalypse and now this. >> alisyn: something to look forward to. >> tucker: none of them likely the result of an actual cut to the government spending. >> clayton: or anything actually happening like the sky falling. >> alisyn: let's get your headlines. we have a lot to tell, but. there's been a massive wildfire in california finally contained, we're happy to report, but not before massive damage was done. take a look at the huge flames that charred 311 acheners riverside county, nearly 200 firefighters helped to battle that blaze which started three days ago. thankfully no injuries were reported and no word yet on what caused that fire. nascar looking into making some safety upgrades in light of that terrible crash in daytona. >> it's turned around, and tony stewart is going to win this race. a terrible crash. >> alisyn: around 30 fans were injured when debris and half of driver kyle larson's car crashed through a gate in a safety fence.
. >> clayton: we had the fiscal cliff and what else. >> alisyn: a debt ceiling. >> clayton: debt ceiling and now we've got-- >> sequester. >> clayton: apocalypse and now this. >> alisyn: something to look forward to. >> tucker: none of them likely the result of an actual cut to the government spending. >> clayton: or anything actually happening like the sky falling. >> alisyn: let's get your headlines. we have a lot to tell, but. there's...
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Oct 4, 2013
10/13
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a certain point, especially with this debt ceiling, deadline approaching, october 17, if agreement is not reached on that, if the u.s. worst case scenario does default, can the fed do very much to keep interest rates from starting to rise. >> that could be catastrophic if you meet a deadline date. it depends on revenues that the government is still taking in, as well as payments, exact payments that are going to have to go out. there's a little bit of a silver lining in the shutdown that some of the spending towards wages and such like that for some furloughed workers, the federal government is not spending now. that deadline date is probably a couple days later. with that said, the closer you get to that date, the more uncertainty in the overall economy amongst consumers and business decision makers to postpone everything to see the fallout of what happens going forward. as you approach that date, the more risk you increase to the economy. >> thank you so much. >> thanks for having me. >> in california joe biden governor jerry brown signed legislation that allows undocumented immigra
a certain point, especially with this debt ceiling, deadline approaching, october 17, if agreement is not reached on that, if the u.s. worst case scenario does default, can the fed do very much to keep interest rates from starting to rise. >> that could be catastrophic if you meet a deadline date. it depends on revenues that the government is still taking in, as well as payments, exact payments that are going to have to go out. there's a little bit of a silver lining in the shutdown that...
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Feb 11, 2013
02/13
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CNBC
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pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low volatility, sort of bond proxy stocks. that suggests to us that they're one of
pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to...
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has hit the debt ceiling. the government hit more than $16 trillion borrowing limit last night. that means the treasury department can only shift assets around for another six to eight weeks or the government can no longer pay its bills. >>> doctors in new york giving new details about the condition of secretary of state hillary clinton. she's in the hospital being treated for a blood clot that formed in her brain. the latest problem in a month of health troubles. abc's martha raddatz has more. >> reporter: the normally globe trotting secretary of state is in a hospital room, monitored closely and being given blood thinners to break up the clot. family members, including daughter chelsea, have been at her side. the clot was discovered on an mri on sunday. a statement from her doctors saying the scan revealed a clot in the vein is that situated in the space between the brain and the skull, behind the right ear. the statement says the secretary had not suffered a stroke or any neurological damage. but this is clearly a serious setback. it was december 7th when the secretary was la
has hit the debt ceiling. the government hit more than $16 trillion borrowing limit last night. that means the treasury department can only shift assets around for another six to eight weeks or the government can no longer pay its bills. >>> doctors in new york giving new details about the condition of secretary of state hillary clinton. she's in the hospital being treated for a blood clot that formed in her brain. the latest problem in a month of health troubles. abc's martha raddatz...
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Mar 29, 2013
03/13
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MSNBCW
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washington did not walk off a fiscal cliff and you did not have people challenge debt ceilings so what didn't happen in washington is least as important as what happened in washington. people talk about irrational exuberance. i think some feelings is out there i'm not sure all of this -- >> do you think it's fairy dust? >> no, i don't think it is. >> 2% growth, what is the thing that is going to kick-start? i take this to gene because it's a political question. gene, we have had jobs crisis for four years and three months now. since the -- dating back to before the obama administration. is washington going to do, if anything, to answer andrew's question? the stock market going up, things improving and incremental ways richard said on a daily basis. anything washington feels need to be done to deal with the slow growth that has been around a long time? >> i wish i could be really optimistic. i'm not. i've been pessimistic this last while, despite the optimism of some colleagues about any sort of grand bargain. i'm certainly pessimistic about anything specifically trying to jump-start th
washington did not walk off a fiscal cliff and you did not have people challenge debt ceilings so what didn't happen in washington is least as important as what happened in washington. people talk about irrational exuberance. i think some feelings is out there i'm not sure all of this -- >> do you think it's fairy dust? >> no, i don't think it is. >> 2% growth, what is the thing that is going to kick-start? i take this to gene because it's a political question. gene, we have...
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Feb 25, 2013
02/13
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when we had it over the debt ceiling, well, we knew that if they didn't come to a deal on that, the full, faith and credit of the united states would be at risk. now we get to the forced spending cuts, known as the dreaded sequester, what is the default on that? well, you get $85 billion in budget cuts in discretionary, domestic spending as well as in the pentagon and there are a lots of people on both sides of the aisle for different reasons who believe, you know what, that's not such a terrible thing. so the default setting, despite what we heard about the tsa lines and all the rest, may be pretty palletable to some. and it shows you how far the dysfunction in washington has come since they came up with this plan a couple of years ago. >> now, on the dysfunction angle, look, the last time we talked about something sort of similar was fiscal cliff in december, the last congress. now we have new members of congress. my question now is how is the republican party different? >> well, this is the most interesting part of this. i think the white house made a calculation when this whole idea
when we had it over the debt ceiling, well, we knew that if they didn't come to a deal on that, the full, faith and credit of the united states would be at risk. now we get to the forced spending cuts, known as the dreaded sequester, what is the default on that? well, you get $85 billion in budget cuts in discretionary, domestic spending as well as in the pentagon and there are a lots of people on both sides of the aisle for different reasons who believe, you know what, that's not such a...
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Feb 25, 2013
02/13
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CNNW
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when the debt ceiling was hanging over their heads, that meant, uh-oh, the faith full and credit of the united states government was hanging over their heads. we had to be able to pay our bills. that couldn't happen. what's hanging over their held, now? first of all, this is not a natural disaster. this is a manmade disaster which they all made. and what's hanging over their heads? budget cuts. which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of republicans would like to see those budget cuts on some domestic spending. so what's hanging over their heads right now is not as awful as the last couple of times we went around this. and so i think that's why john's right. that's why they're going to end up having this problem. >> how about pride? how about that has beening ov i their head? they work in a government that at least can do its most basic function and pass a budget? they work in a government and not a circus. how about pride in that? >> that would be good. you saw the article bob woodward had in "the washington post" this weekend. sayi
when the debt ceiling was hanging over their heads, that meant, uh-oh, the faith full and credit of the united states government was hanging over their heads. we had to be able to pay our bills. that couldn't happen. what's hanging over their held, now? first of all, this is not a natural disaster. this is a manmade disaster which they all made. and what's hanging over their heads? budget cuts. which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of...
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Feb 20, 2013
02/13
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KGO
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we had the fiscal cliff, now we have this, we have the debt ceiling deadline in may. there's no dramatic substantive action. it's just one little baby step or kick it down the road and here we are again. and they're playing with people's jobs, money, taxes, livelihoods. our government just seems so dysfunctional and broken and gridlocked. >> and then things like this happen and we go until the 11th hour and oh, a solution but it's not really a solution because we've only done half of the work we should have done. in three months we'll talk about it again and we go through this all over again. just talking about we want to blame both sides and we want to say everybody is responsible. but president obama was up there with the first responders, and some people are questioning whether or not that was a manufactured setup and a scenario where he was like, i'm with these guys, you're the ones that are not able to let this happen and you're going to affect them. but was that necessary is the question? >> all politicians like their backdrops and to put a human face on the iss
we had the fiscal cliff, now we have this, we have the debt ceiling deadline in may. there's no dramatic substantive action. it's just one little baby step or kick it down the road and here we are again. and they're playing with people's jobs, money, taxes, livelihoods. our government just seems so dysfunctional and broken and gridlocked. >> and then things like this happen and we go until the 11th hour and oh, a solution but it's not really a solution because we've only done half of the...
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Mar 9, 2013
03/13
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the fiscal cliff. the debt ceiling and the sequesters. people don't know where they come from or what's happening. what they see is the economic news is good, so why all of the urgency over deficit reduction. there are people out there that are worried about the deficit and it is a real problem, but it is not a crisis to most americans. >> christina, let's switch gears here. the president had another private meeting on thursday apparently with jewish leaders. "the l.a. times" reporting that the president said he is planning on challenging israelis during his upcoming trip there saying in part, quote, what are you willing to do for peace? what hard steps are you willing to take? how will this strategy of challenging -- how will it be received both abroad and back home as well. well this is a very sensitive issue and one of the reasons why the president is going to israel in about a week and a half, and it's something that many presidents have struggled with. we talked about former president bill clinton a second ago. this was one of his de
the fiscal cliff. the debt ceiling and the sequesters. people don't know where they come from or what's happening. what they see is the economic news is good, so why all of the urgency over deficit reduction. there are people out there that are worried about the deficit and it is a real problem, but it is not a crisis to most americans. >> christina, let's switch gears here. the president had another private meeting on thursday apparently with jewish leaders. "the l.a. times"...
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Feb 23, 2013
02/13
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. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you wait until you get the last card in order to find out whether you think you can win or not and then you normally assess what happens if you lose. but when you have a handful of people that can't lose and they want to win and if they stop government they've won and they don't feel the pain like it's their mom or their kids that are losing. they believe that their conservatism is enough to be a patriot to bring their own party down, but to bring the country down with it. and so i heard you say that we'll do this over and over again until people are numb, but even with russian roulette, there is a live
. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you...